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a fraction at the moment. 13,139 after a meandering much of the day. the nasdaq hardest hit today. technology has been very volatile recently. still down a fraction right now. 13 points, fraction percentage-wise and the s&p is down 3.33 at 1423. five days left until the fiscal cliff deadline, and though the market has been very resilient to this point, what happens if we go over the cliff and if lawmakers cannot get it together come january 1st? will it be a big meltdown for wall street? that's what everybody wants to know. >> certainly hope know. in today's "closing bell" exchange, former chief economist of the vice president joe biden, oliver perch from gary goldberg and matt cheslock and rick santelli, thank you very much. jarred, you wrote an article called "cliff dive, what the heck happens next?" what does happen next? >> well, that's actually all up to john boehner, as i see it, because if we were to decide to bring the president's most recent small car compromise to the house i actually believe it would pass. the problem for him it would probably pass with mostly democrat vote, but i
to take a long time for them to start to adapt to the changes in technology. these were innovators a decade or two ago and now they have become those companies that it's very hard for them to move the need. think about them trying to turn a cruise liner around in the hudson river. going to go back and forth and get very little progress here. i think that's what you look at for these companies in 2013. the analysts, unfortunately, have loved them. lots of mutual funds hold them, and when they start to underperform i think we're going to see those people move away from those large technology companies, and quite frankly i think that's a bad thing for right now for microsoft, hewlett-packard and intel. we just aren't seeing innovation, and yet people still love them. >> i want to just ask you actually, chris, with respect to microsoft, because on "street signs," it was one of my predictions for 2013 that microsoft will continue to lose relevance. it's fighting too many battles, and in some cases losing battles and enterprise and mobile, in pcs as well. >> absolutely. >> and it may not
that technology on our phone today. >> but someone said earlier, this country is broke. he can can't decide whether to cut the biggest drivers, which is medicaid, medicare and social security. >> i'm thinking, i would love to see the president use the word airline or aviation in the state of the union. just to talk about an enabler of the economy. when a plane arrives in rochester, minnesota, new york, savannah, georgia wlab that does is huge. let alone seattle and los angeles. so let's optimize investment to enable transportation and infrastructure. there are companies around the world. this is a national policy and can you see what is happening. >> we need an oil policy and we don't have an energy policy either. >> that's true. >> energy and cost of labor, have those two assisted up for jetblue. >> it is right about 70%. and we have the youngest fleet and we are a young airline relative to labor cost. right about 70%. >> that's a big number. >> it is a big number. >> you've been expanding. i want to ask you about expanding routes. you are adding seattle to anchorage. international, lighro
Search Results 0 to 2 of about 3